1987–88 Real Madrid CF season

Real Madrid finished the season as champions for the third season running, claiming the club's 23rd league title overall.

[1] Los Blancos finished 11 points ahead of the runners-up, that this time were Real Sociedad.

[2] However, Madrid lost to the Basque side in the Copa del Rey semi-finals 0–5 on aggregate and were knocked out at the same stage of the European Cup by PSV Eindhoven.

[3] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Players may hold more than one non-FIFA nationality.